Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    StockTwits NIO: Analyzing the Latest Buzz on This Chinese EV Company

    March 5, 2023

    The Evolution of Kool-Aid Man’s Catchphrase: From “Oh Yeah!” to Iconic Marketing Slogan

    March 5, 2023

    Search Results for Anime hanimr

    February 12, 2023
    Facebook Twitter Instagram
    Trending
    • StockTwits NIO: Analyzing the Latest Buzz on This Chinese EV Company
    • The Evolution of Kool-Aid Man’s Catchphrase: From “Oh Yeah!” to Iconic Marketing Slogan
    • Search Results for Anime hanimr
    • Latest News on Brooklyn Shooting
    • Immensa Is First Saudi Company to Receive AM License Approval and It’s Grown Since
    • Brighton and Hove Albion vs Leicester City Lineups
    • How to Convert MP4 to Black and White
    • Auntmia – A Psychic That Can Make Your Life Easier
    • Home
    • Privacy Policy
    Tech Expert Hub
    • Home
    • Tech
      • Technology Tips
      • Apps & Softwares
      • Gadgets
    • Business
      • Jobs & Career
      • Finance
      • Real Estate
    • SEO
      • Social Media
      • Digital Marketing
    • Education
    • Health
    • Sports
    • Lifestyle
      • Home Improvement
      • Entertainment
      • Fashion
      • Travels & Tours
    Tech Expert Hub
    Home»Business»7 Key Marketing Metrics To Monitor
    Business

    7 Key Marketing Metrics To Monitor

    Tech Expert HubBy Tech Expert HubDecember 28, 2020Updated:July 9, 2022No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    7 Key Marketing Metrics To Monitor
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As a digital marketer, it is imperative that you keep a track of your marketing efforts. If you’re not measuring your performance, how do you know what’s working? Without accurate data to back up your campaigns and justify the expenditure, you’re pretty much-throwing money away based on guesswork.

    There are innumerable marketing metrics in the digital sphere. You need to use the right ones for the right goals. Do you want to measure your customer retention rate? Or are you looking for conversions? Here are 7 important marketing metrics that will give you a decent overall picture of your business. 

    1. Leads

    Originating solid leads is an important marketing task and can be one of the hardest to accomplish. Your marketing campaign may attract plenty of leads, but knowing which ones to pursue requires a bit of calculation. 

    Qualified leads give you engagement and plenty of positive signals to work with. Give them the personal attention and extra time with your sales team. You can find out how prevalent qualified leads are for your business using this quick formula:

    (Qualified leads / Total leads) x 100 = Qualified lead rate

    1. Bounce rate

    According to Neil Patel, your bounce rate can tell if your marketing strategy is effective and engaging or not. The bounce rate is the percentage of visitors leaving your page as soon as they land on it. There is no fixed rate for this metric, but find out what your website’s bounce rate is and compare it to your immediate competitors’ to get a better idea of where you stand. You should be on par with or below them – the lower, the better.

    Click Hear: lip fillers before and after 1ml

    1. Conversion rate

    Conversion metrics tell you how many visitors take the desired action and prove that your call-to-action techniques are working. Measure this according to your expectations for your customers. It could mean the number of downloads, submissions of an inquiry form, social media shares, or checkout completions. A quick way to calculate this is:

    (Completed conversions / Total visitors) x 100 = Conversion rate

    nba stream reddit  

    1. Customer Lifetime Value (CLV)

    This metric shows you how much revenue a typical customer brings to your business. Some customers may be one-time clients and others may stay loyal to you as life-long patrons. Shopify notes that the CLV is important in deciding how much to invest in new customer acquisition and retention of existing ones. 

    1. Time spent

    This is a great metric to see how engaging your product is. A significant amount of time spent on your website and specific pages shows that customers are interested in what they see. You can compare how much time is being spent on different pages, and see where you can improve.

    Average time on your site will also depend on which device or platform your customer is accessing it from. If you have more mobile visitors, make sure your pages are fully optimized to give them the best experience on smaller devices.

    1. Customer Acquisition Cost (CAC)

    This is where you evaluate how much it is costing you to bring in new customers or to convert a lead that makes up for the amount you’ve spent on them. Many businesses go through a large chunk of their budget for customer acquisition during their early stages but, once established, they are able to see that a loyal base of customers means a lower CAC in their system.

    1. Return On Investment (ROI)

    The ROI is what your marketing efforts fundamentally come down to – how much revenue your campaign is bringing in. More than just identifying your profit or loss, ROI will tell you which marketing techniques are working better than others and where you should reallocate your resources. 

    Master the metrics

    It’s important to remember that each of these metrics measures different aspects of your marketing strategy, and not all evaluation techniques hold the same weight when it comes to your business’s goals and achievements. 

    Use a combination of these marketing metrics alongside varied marketing channels to see what works best for your business, and look for ways to change your strategy over time.

     

    digital marketing metrics marketing campaign metrics marketing metrics pdf marketing metrics ppt revenue marketing metrics types of marketing metrics what are marketing metrics why are marketing metrics important
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Tech Expert Hub
    • Website

    Related Posts

    The Legal Requirements and Obligations of a Voluntary Planning Agreement

    November 1, 2022

    5 Fun Ways To Decorate Your Backpack

    October 12, 2022

    How to Choose the Right Tote Bag

    October 12, 2022
    Top Posts

    StockTwits NIO: Analyzing the Latest Buzz on This Chinese EV Company

    March 5, 2023

    The Evolution of Kool-Aid Man’s Catchphrase: From “Oh Yeah!” to Iconic Marketing Slogan

    March 5, 2023

    Search Results for Anime hanimr

    February 12, 2023

    Latest News on Brooklyn Shooting

    February 12, 2023

    Immensa Is First Saudi Company to Receive AM License Approval and It’s Grown Since

    January 28, 2023
    Categories
    • Apps & Softwares
    • Business
    • Digital Marketing
    • Education
    • Entertainment
    • Fashion
    • Featured
    • Finance
    • Food
    • Gadgets
    • games
    • Health
    • Health & Fitness
    • Home Improvement
    • information
    • Jobs & Career
    • Law
    • Lifestyle
    • News
    • Real Estate
    • Review
    • SEO
    • Social Media
    • Sports
    • Tech
    • Technology Tips
    • Travels & Tours
    • Uncategorized
    • World
    Don't Miss
    information

    StockTwits NIO: Analyzing the Latest Buzz on This Chinese EV Company

    By Tech Expert HubMarch 5, 2023

    NIO is a Chinese electric vehicle (EV) manufacturer that has been making headlines in the…

    The Evolution of Kool-Aid Man’s Catchphrase: From “Oh Yeah!” to Iconic Marketing Slogan

    March 5, 2023

    Search Results for Anime hanimr

    February 12, 2023

    Latest News on Brooklyn Shooting

    February 12, 2023

    Immensa Is First Saudi Company to Receive AM License Approval and It’s Grown Since

    January 28, 2023

    Brighton and Hove Albion vs Leicester City Lineups

    December 21, 2022
    Contact Us:

    Email id: admin@techexperthub.com

    Our Picks

    StockTwits NIO: Analyzing the Latest Buzz on This Chinese EV Company

    March 5, 2023

    The Evolution of Kool-Aid Man’s Catchphrase: From “Oh Yeah!” to Iconic Marketing Slogan

    March 5, 2023

    Search Results for Anime hanimr

    February 12, 2023
    Most Popular

    StockTwits NIO: Analyzing the Latest Buzz on This Chinese EV Company

    March 5, 2023

    90% of MSPs Hit By a Cyber-Attack in the Past 18 Months

    January 11, 2020

    SEC Sets Clock for Delisting Chinese Companies Over US Audit Demand

    January 11, 2020
    © 2023 TechExpertHub. Designed by Good Men Project.
    • Home
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.